If a transaction cannot be recorded in a special journal
A) the company must refuse to enter into the transaction.
B) it is recorded in the general journal.
C) it is recorded directly in the accounts in the general ledger.
D) it is recorded as an adjustment on the work sheet.

Question

Quizplus · Accepted Answer

If a transaction cannot be recorded in a special journal, it is recorded in the general journal. The general journal is used for transactions that cannot be recorded in any of the special journals. Therefore, the company does not have to refuse to enter into the transaction, record directly in the accounts in the general ledger, or record as an adjustment on the work sheet.

If a Transaction Cannot Be Recorded in a Special Journal